Origin Protocol

Origin Protocol receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — survived a major hack and rebuilt, but stacking yield strategies on top of each other compounds what can go wrong A yield protocol that gives you tokens (OUSD and OETH) which automatically grow in your wallet as they earn interest from lending platforms like Aave and Compound. It manages about $100M and raised $38M in funding. Its C+ grade comes from a severe 2020 hack that crashed OUSD to $0.14 and the ongoing risk of its auto-rebasing design breaking when other DeFi protocols interact with it.

The key risks identified for Origin Protocol are: (1) Already got hacked for $7M in 2020 -- a bug let attackers mint fake tokens, crashing OUSD to 14 cents (2) Your money gets spread across other DeFi platforms like Aave and Compound, so a hack in any of those hits you too (3) The auto-growing token balance confuses other DeFi apps, which can create exploitable accounting errors

Origin Protocol scores 34/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 7/20, Oracle Surface: 3/10, Documentation Gaps: 3/10, Track Record: 8/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 112 rated Yield protocols on Hindenrank, Origin Protocol ranks #49 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it in the middle tier of Yield protocols.

Origin Protocol scores 8/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.